There was a bit confusion about Social Buying sites in the overall discussion. I’m very bearish on Social Buying/Couponing sites but very bullish on Social Shopping.
Social Buying/Couponing has nothing to do with social. I get a deal in my email, I purchase the deal and I’m done. Sure, I can share the deal with my Social Graph but that’s about the only social activity in the whole buying cycle.
Social Shopping is the real deal: I can involve my Social Graph by letting them participate in the real-time shopping process. Consumers can connect to their online friends via Social Media and launch a live, co-browsing, shopping experience. My friends can browse products, chat together and get instant advice to make the right purchase decision, trying to emulate the real-life shopping experience. Have a look at this site to experience this idea.
Social Couponing/Buying is an old idea in a new dress. Social Shopping is a new experience. And the future.
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